Biglari Holdings Inc. News Release

SAN ANTONIO, TX, Dec. 8, 2012 /PRNewswire/ -- Biglari Holdings Inc.'s 2012 Annual Report to the shareholders has been posted on the Internet, where it can be accessed at www.biglariholdings.com. The report includes Sardar Biglari's annual letter to shareholders.

About Biglari Holdings Inc.

Biglari Holdings Inc. (NYSE: BH) is a holding company engaged in a number of diverse business activities. The most important operating subsidiaries are involved in investment management and the franchising and operating of restaurants.